Clean energy business loan

The loan supports connecting your company to a local renewable energy source to cover part of its energy use. VÚB can finance up to 90% of total project costs, with repayment over up to eight years.

You repay the money with interest under the loan contract. For a term loan, the bank can pay out the money in one payment or several, and you repay it in instalments or one final payment as agreed. Repaid amounts cannot be borrowed again under that term loan. When you request payment against supplier invoices, the bank normally pays the supplier directly; paying into your company's account requires its express agreement.

The published commercial-loan tariff for euro loans includes these charges. Your loan contract governs if it agrees different fees.

• Arrangement: at least 1% of the loan amount, with a €500 minimum. A fee paid for a binding offer issued within the previous three months is deducted from this charge. For an ordinary business contract, the arrangement charge is payable when you sign, no later than the third following business day.
• Money reserved but not yet paid out under a term or revolving loan: at least 0.7% a year of that unused amount.
• Euro loan account: €8 a month. For a term loan on a separate loan account, monitoring also costs 0.1% of the outstanding principal every three months, with a €100 minimum and €250 maximum. Before the money is paid out, monitoring costs €100 every three months.
• Early repayment of a euro term loan: 3% of the principal repaid early, with a €500 minimum. Refinancing costs—an additional charge calculated from the bank’s funding rates—can also be payable under the general conditions, in addition to the agreed early-repayment fee. The bank provides the amount and calculation on request.

If the agreed interest calculation uses EURIBOR or EURAB3EIRS, the general conditions treat a negative value of that euro benchmark as zero. This is a floor on the benchmark used in the calculation.